Big tech stocks such as Amazon (AMZN) and Facebook (FB) have been routed this month on fears of regulation and trade wars descending on the red-hot space.
Following a better than expected quarter on Wednesday, BlackBerry (BB) CEO John Chen weighed in on the tech selloff.
"Given the fact the market has been in a bull market for so long, and the high-fliers have seen a really big return, I think what we are seeing is a quick knee-jerk reaction to many things going on," Chen told TheStreet. He added that the action in the stocks reflected more profit-taking than gloom on the future of tech.
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Citi overcame a mixed print to send its stock surging on Monday.
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